ATHENA IMS presents realised and unrealised profit and loss balances calculated on real time market prices from Bloomberg. Furthermore, the system provides a broad range of investment analytics to support trader, counterparty and strategy performance analysis. A key feature of the new technology is the robust workflow environment for order and execution management including integration to destinations such as Calastone, Fidessa EMS and Bloomberg. This enables straight through processing from front to back office enhancing the integration of all users and systems. Furthermore, automated pre-trade compliance checks will ensure full visibility across all funds prior to trading activity being executed, leading to even greater risk and compliance management across the business.
Octopus Investments, one of the fastest-growing fund management companies in the UK, has worked alongside Fidessa, Bloomberg and CYMBA to develop this new platform. Octopus will utilise ATHENA IMS to assist in the management of a variety funds, including the companyâs range of absolute return funds as well as its full suite of Octopus multi-manager funds.
ATHENA IMSâs key functionality is the ability to look through positions held with the prime broker as well as present both physical and synthetic positions in the same view. This facilitates the overall investment objectives of Octopusâ absolute return funds in terms of measuring performance against a cash benchmark. ATHENA IMSâs ability to quickly take, increase, reduce or close market positions further facilitates the overall portfolio objectives in an absolute return fund of achieving a positive absolute return with lower volatility than the market.
JP Cunningham of CYMBA Technologies said: "CYMBA Technologies is completely dedicated to delivering leading multi-asset trading solutions to the investment management sector. We are delighted that Octopus Investments, one of the marketâs leading innovators, has chosen to fully implement the ATHENA IMS front office platform to run its operations.â
Daniel Sinclair of Octopus Investments adds: âWe chose to implement ATHENA IMS following a review of market leading suppliers. We were convinced that CYMBA Technologies had the business and technical expertise to quickly meet our requirements in the timeframes outlined. The implementation of straight through processing across our business, integrating all of our systems into one process, combined with an automated pre-trade compliance facility will enable Octopus to continue to meet our clientsâ high expectations. We look forward to continuing our well established relationship with CYMBA.â